Fintellectual Corporate Advisors Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Letter of Offer to the public shareholders of Rotographics (India) Ltd ("Target Company").
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Shrey Gupta is making an open offer to acquire up to 34,19,338 equity shares (26% of expanded share capital) of Rotographics (India) Ltd at ₹15 per share, totaling about ₹5.13 crore in cash. The offer is triggered by a Share Purchase Agreement dated January 10, 2025, where the acquirer is buying 18,40,300 shares (51.10% of pre-issue capital) from existing promoter Mr. Ashok Kumar Singhal for about ₹2.76 crore. Additionally, a preferential allotment of 95,50,000 shares (53 lakh to the acquirer, 42.5 lakh to other public shareholders) was approved at ₹11 per share and allotted on April 7, 2025. Post-transaction, Mr. Shrey Gupta will become the new promoter of the listed company and existing promoter Mr. Ashok Kumar Singhal will step down. The tendering period runs from July 29, 2025 to August 11, 2025.
Public shareholders can tender their shares at the open offer price of ₹15 per share during the tendering window. The transaction represents a change in control of the listed company, with a new individual promoter taking over, and the open offer price may serve as a reference benchmark for the stock during the offer period.